
Bridge financing for mixed-use properties
First National’s bridge loans are ideal for borrowers who have yet to secure standard financing or who need the time and flexibility to plot a better future for their mixed-use assets.
Our bridge loan terms typically range from three months to three years, include floating interest rates and allow some form of early prepayment.
Borrowers choose this solution until standard financing is secured or while they contemplate a property sale, a change in ownership structure or enhance their tenant roster.
Additionally, a bridge loan can be used opportunistically to execute an operational strategy to position the property more positively for standard financing.
Consistent cash flows, strong operational history and the borrower’s net worth and liquidity are key considerations for this type of financing.
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Smart risk solutions in action for mixed-use
See how we’ve applied our financing products innovatively to help mixed-use borrowers achieve their goals with performance and value.
Refinance of a 6-plex to recoup construction costs.
- $1.3 Million
- 6 units
- Edmonton, Alberta
- CMHC insured first mortgage
- 10 year term, 50 years thereafter
- LTV: 95%
The loan purpose is to refinance an existing construction mortgage.
- $12.4 Million
- 24 units
- Campbell River, British Columbia
- CMHC insured MLI Select - 100 Points (Energy Efficiency) first mortgage loan
- 10 year term, 50 years amortization
- LTV: 68.47%
To refinance an existing mortgage and provide equity take out for capital improvements.
- $ 5 Million
- 14 units
- Montreal, Quebec
- CMHC insured first mortgage loan
- 5 year term,
- 50 years amortization
- LTV: 80.65%
- DSC: 1.37x
Provide financing for the property to complete the construction.
- $27.2 Million
- 95 units
- Montreal, Quebec
- Insured 1st mortgage
- 24 months term for construction, 5/10 thereafter, Interest only amortization during construction, 40 years thereafter
- LTV: 93.79%"
Refinance with MLI Select
- $5.2 Million
- 25 units
- Montreal, Quebec
- CMHC Insured
- 5 years term, 40 years amortization
- LTV: 92.54%
Used to pay out the conventional construction financing from First National Financial LP with additional proceeds used towards the purchase and construction of multi-family developments
- $10.3 Million
- 40 units
- Halifax, Nova Scotia
- CMHC insured first mortgage loan
- 10 years term, 40 years amortization
- LTV: 84.2%
Refinance the existing debt registered against the property with a CMHC insured first mortgage
- $2 Million
- 6/12 units
- Iqualit, Nunavut
- CMHC first mortgage loan
- 10 years term, 25 years amortization
- LTV: 75%
Loan used to facilitate the purchase of a mixed-use property
- $25 million
- 1,445,000 sq. ft.
- Mississauga, Ontario
- First mortgage land financing
- 36 months term
- LTV: 64%
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Original perspectives and personal viewpoints on developments and industry trends in commercial real estate.
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View other mixed-use mortgage solutions
CMHC Financing
First National’s insured financing programs are ideal for borrowers when they acquire a new mixed-used property or refinance.
Standard Financing
First National’s standard financing programs are favoured by borrowers who look to acquire a new property or refinance an existing building. Loan terms typically range from three to five years, have a fixed interest rate, and are closed to prepayment for the term’s duration.
Asset repositioning
First National enables owners to access a property’s equity for a short term, typically two years or less, to fund capital improvements or repairs without the need to raise capital from personal sources or less flexible, higher-cost alternatives.
Secondary financing
A First National second mortgage enables borrowers to access property equity and use it to purchase another asset or renovate/repair an existing property.
Construction financing
A First National’s construction loan provides funds to cover the cost of building or rehabilitating a property with terms typically of three years or less.

Sign up for Market updates
Economic and political developments – both in Canada and globally – can impact the commercial real estate market. First National experts follow these trends closely and provide honest, real and professional perspectives into what they could mean for your portfolio.